Mason

Sat, 2013-02-16 12:53Farron Cousins
Farron Cousins's picture

Industry Funded Front Group Attacks Government Estimates Of Oil Drilling Revenues

The Congressional Budget Office (CBO) recently released a report detailing the many ways in which expanded oil exploration and drilling in federally protected areas would not yield an overall economic benefit for the United States.  The CBO report says that the revenue generated by these operations would take too long to come to fruition, and that our current areas of drilling are where the real money is in this situation.

But the dirty energy industry will never go down without a fight, so they had their friends at the Institute for Energy Research (IER) fund a study that showed that the CBO was way off the mark with their estimates.  IER has received funding from both Exxon and Koch Industries.

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